The New York Knicks are excited after extending Mikal Bridges' contract for four more years. The deal will pay Bridges $150 million with a player option in the 2029-30 season, but the contract has a wrinkle that will affect the Knicks for a long time. CBS Sports writer Sam Quinn explained the financial implications of Bridges' new contract.

The New York Knicks announced Friday that the team has signed Mikal Bridges to a long-term contract extension.

Knicks Make Massive Mikal Bridges Decision During NBA Offseason originally appeared on Athlon Sports. The New York Knicks have been very active this offseason as they have focused on upgrading their bench after struggling with their depth last season.